About your Search

20121201
20121231
Search Results 0 to 4 of about 5 (some duplicates have been removed)
medallions are required to operate cabs in many large cities including new york. they were first issued in the big apple during the great depression. >> back in 1937, this little piece of tin sold for $10 each. >> his grandfather bought one of the first badges and medallion financial was born. the company has seen quite a return on that first investment and on hundreds more medallions it bought since then. back in the late '70s when the checker cabs were cruising the streets of new york city, a taxi medallion would set you back less than $100,000. now this piece of metal on the front of your cab will set you back more than a million bugs. >> i don't think we ever thought it would hit a million dollar price. they have gone up 15% per year, 70 years. outperforming dow, gold, nasdaq, real estate. you name it. >> analysts marvel at the company's track record. unlike most banks, medal i don't know never had default on taxi loan. >> real estate lending someone defaults it is years before banks get money back. it is terrific collateral. the medallion is the little tin. if somebody doesn't pay
more local or large city looks david roeder rights for the sun times, one of my favorites and put out a piece a couple days ago where he took three washington policy institutes and put together some of their research. he found if you just looked at large cities foreclosures were about 6% but the record is 6.1%. if you loosked at just chicago 8.7% foreclosure rate versus a year ago, year over year at 8.8. so only 0.1 better. if you specifically looked at cook county, their third quarter prices were down 3% year over year. you have the good, the bad, and it gets very difficult to just come up with one lump sum. one thing we can walk away with, it seems as though housing has bottomed. many states deal with the core process of foreclosures and there have been breakthroughs there. i've talked with many experts who really think there is still a shadow inventory of foreclosures that are going to be freed into 2013. you try to figure it out. the last, well maybe this is the credit market side of a possible positive for u.s. treasuries or some of the good ones like boon's. there's a "wall stre
are not ordering evacuations as of this time for any parts of the city. we're making that decision based on the nature of this storm. although we're expecting a large surge of water, it is not expected to be a tropical storm or hurricane-type surge. with this storm we'll likely see a slow pile-up of water rather than a sudden surge which is what you would expect from a hurricane and which we saw with irene 14 months ago. so it will be less dangerous but make no mistake about it, there will be a lot of water and low-lying areas will experience flooding. jon:. jenna: what was he supposed to do there? if national hurricane center wasn't saying it was hurricane what was he going to do. >> meteorologists were pulling our hair out. we were saying for a week this was epic storm. i don't know what information he was going with. the fact there were no hurricane watches and warnings may have played into him downplaying it. later on he started to say this is serious situation. that was two days before the storm hit. we were saying a week before this would be a big deal. jenna: interesting to see ho
time. stay alert. if you have any tornado watches or warnings for your city, seek shelter immediately because that risk is very real especially in this area shaded in red and outer banks of north carolina and isolated tornados, damaging wind gusts and large hail from some of the thunderstorms. blizzard warnsing are in effect. not just heavy snowfall, up to six inches across parts of the midwest. you factor in wind gusts over 40 miles per hour. in parts of indiana, illinois, and ohio. we have winter storm warnings in portions of pennsylvania, upstate new york and portions of new england. jamie, for parts of new york city looks like we'll get a coating throughout the evening rush. the heavy snowfall will stay further to the west. jamie: maria molina will be pretty busy today. thank you, maria. of course these tornados i was mentioning are pretty rare occurrence in winter. but they do happen and can often be deadly. in fact over last three years 21 people have been killed by tornados this time of year. average of 34 tornados spring up in the month of december. the last time a tornado str
Search Results 0 to 4 of about 5 (some duplicates have been removed)